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The Judgment by a Constitution Bench led by Justice Anil R. Dave------" historical &path breaking".

With almost 587 medical colleges, which makes 60000 modern  doctors every year, the medical education & health care services are at the lowest ebb in our country.

1.“Quality of medical education is at its lowest ebb, the right type of health professionals were not able to meet the basic health needs of the country. Products coming out of medical colleges are ill-prepared to serve in poor resource settings like Primary Health Centres. Graduates lacked competence in performing basic health care tasks. Unethical practices continued to grow. The MCI was not able to spearhead any serious reforms in medical education.”.

2. Medical mafia are  looting the money by exploiting the  indian middle class parent's obsession for medical degrees .
What to do? how can these things have  to be resurrected. 
Regarding this, one high level committee and parliamentary committee were  formed,which after thorough discussion and analysis,they submitted their reports. But,these reports were thrown in to dustbin by the babudom of central govt.
so,  the apex court was constrained to exercise its extraordinary powers under Article 142 of the Constitution as the government had not acted on the reports. 

Thus The Supreme Court constituted the  Justice Lodha committee(on 2-5-2016), "which will have the authority to oversee all statutory functions under the MCI Act. All policy decisions of the MCI will require approval of the Oversight Committee. The Committee will be free to issue appropriate remedial directions. The Committee will function till the Central Government puts in place any other appropriate mechanism after due consideration of the Expert Committee Report.

(we all know,in  july 2014,  the Centre had set up the Dr. Ranjit Roy Chaudhury expert panel to study the Indian Medical Council Act, 1956 and make recommendations.
No action taken
Though the committee did submit its report in September-2014, no action was taken on the reforms suggested by it, including overseeing under-graduate and post-graduate medical education.).

What the supreme court also says as follows:

Unethical practices
Medical professionals indulge in unethical practices conducting unnecessary diagnostics tests and surgical procedures in order to extract money from hapless patients, the judgment said.

challenges of 21st.century.
“The challenges facing medical education of the 21st Century are truly gigantic... 

Need of the hour.
Game changer reforms of transformational nature are therefore the need of the hour and they need to be carried out urgently and immediately.

The govt. has authority to regulate admissions & fee of private-run professional colleges.The owners of private medical colleges has no absolute right over the admission procedures and fee collection.The right to establish and administration of private unaided professional institutions is not absolute, but subject to the regulatory powers of the govt meant to check profiteering and commercialisation of education.

The court held that commercialisation of education will not be tolerated and the government has a vital role to see that private institutions, especially professional ones, are meant to spread education and not to make money.

we know,that there are regulatory bodies in all vital industries like insurance, electricity and power, telecommunications. “Thus, it is felt that in any welfare economy, even for private industries, there is a need for regulatory body and such a regulatory framework for education sector becomes all the more necessary.

Flashback:
previously, the 11-judge decision of the Supreme Court in T.M.A. Pai Foundation case to argue that right to administer educational institution is recognised as an 'occupation' under the Constitution.

Basing on this the private professional institutions filed a case against Madhypradesh govt  and  argued that the law infringed their fundamental right under Article 19(1)(g) of the Constitution to lay down the eligibility criteria for admission and admit the students as well as fix their own fee. 

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